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Nervana Raises $600K For Artificial Intelligence Hardware

socalTECH

San Diego-based Nervana Systems , a startup developing hardware specifically aimed at artificial intelligence software, has raised $600,000 in a funding round. Aditya Agrawal, Ruchi Sanghvi, and SV Angels. The company--led by Naveen Rao--says it is developing computer hardware specifically for "deep learning".

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Meet the 2017 Startups from the Disney Accelerator

Tech.Co

And over the past three years, Imperson has developed conversational chatbots powered by their artificial intelligence for several Disney projects, including most recently for Walt Disney World’s Pandora – The World of Avatar , according to a press release. Read more about startups in the Los Angeles area at TechCo.

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Postie Raises $3.5M To Apply Machine Learning To Direct Mail

socalTECH

Los Angeles-based Postie , a new startup focused on using machine learning and "quant marketing" to direct mail, said on Tuesday that it has raised $3.5M Postie says its tools use machine learning to provide automation of direct mail, handling everything from testing and optimization to audience modeling and attribution.

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Qulab Applies Artificial Intelligence To Drug Design

socalTECH

Los Angeles-based Qulab , a biopharmaceuticals startup developing artifical intelligence software aimed at small molecule drug design, said on Wednesday that it has launched its first product, Quleap. He also attended USC's Viterbi School of Engineering as a Ph.D.

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Going long on LA, India, AI and tech infrastructure March Capital raises $300 million

TechCrunch LA

March Capital Partners , the Los Angeles-based venture capital firm, has raised $300 million for its latest fund. “We have two major areas and a couple of minor areas,” said Sumant Mandal, a managing director with the firm. “We like data-driven business and two-thirds of our portfolio are AI driven.

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Santa Barbara Investors Back Solvvy

socalTECH

The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M

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March Capital Leads $15.5M Round In AI Startup

socalTECH

Los Angeles-based March Capital is the lead investor in an artificial intelligence startup, which is aiming at improving employee service, as it further continues its theme of investing in big data, artificial intelligence, and machine learning startups in the enterprise.